{"id":4537,"date":"2006-06-06T00:00:00","date_gmt":"2006-06-06T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"former-ubs-manager-to-set-new-hedge-fund-record","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2006\/former-ubs-manager-to-set-new-hedge-fund-record.html","title":{"rendered":"Former UBS Manager to set New Hedge Fund Record"},"content":{"rendered":"<div class=\"writeboardbody\">  WEST PALM BEACH, FL (HEDGECO.NET) &#8211; Jon Wood is planning to raise up to $6 billion for a new hedge fund. If all goes as planned he will have set a record for the largest start up in the European  hedge fund market to date.  <\/p>\n<p>    The <span class=\"caps\">SRM<\/span> Global Fund will be launched in August, and Mr Wood has already raised $3 billion for it\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s debut. <span class=\"caps\">SRM<\/span> will require investors to lock up    their cash in the fund for three to five years. It is charging a 1 per cent to 1.5 per cent slice of assets under management for expenses, and 25 per cent of returns.  <\/p>\n<p>    Mr. Jon Wood first made a name for himself at the Swiss Banking Corporation, where his bold application of options theory made him a star performer. But it was not until he teamed up with the    late Brian Keelan that his reputation soared.  <\/p>\n<p>    Together they rewrote the book on takeovers, bringing Wood\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s mathematical mind and aggression and Keelan\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s brokering to the world of mergers and acquisitions. The takeover panel amended its code    after being tested to the limit by Wood and Keelan at <span class=\"caps\">SBC<\/span> Warburg, which later became <span class=\"caps\">UBS<\/span>.  <\/p>\n<p>    After operating one of the City\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s largest proprietory trading operations from the Bahamas, Wood moved to Switzerland where he managed a portfolio for <span class=\"caps\">UBS<\/span>. He will    however be leaving at the end of the summer. Nevertheless, <span class=\"caps\">UBS<\/span> will continue to back Mr Wood with a $500 million investment. The bank said, \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cUBS confirms that its    Strategic Risk Management team led by Jon Wood is planning to spin out of the&nbsp;investment bank later this year in order to launch a global investment&nbsp; fund.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d  <\/p>\n<p>    Alex Akesson<br \/>    Contributing Writer<br \/>    HedgeCo.Net<br \/>    Email: Editor@hedgeco.net  <\/p>\n<p>    HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge    Funds!  <\/p>\n<p>    <strong>Be sure to check out our sister sites. <a href=\"http:\/\/www.hedgefundlounge.com\/\">www.hedgefundlounge.com<\/a>, <a href=\"http:\/\/www.hedgefundtools.com\/\">www.hedgefundtools.com,<\/a><\/strong>    and <a href=\"http:\/\/www.hedgefundemployment.com\/\"><strong>www.hedgefundemployment.com.<\/strong><\/a>  <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>WEST PALM BEACH, FL (HEDGECO.NET) &#8211; Jon Wood is planning to raise up to $6 billion for a new hedge fund. If all goes as planned he will have set a record for the largest start up in the European [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4537","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4537"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4537\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}